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, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in t
to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was especially especially difficult because you had negotiations getting close
it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium support instead of privatizing medicare, and structural medicare reform instead of raising the eligibility age. now, remember the context for all this. this is important. remember that phrase we first started hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to was
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we can avoid the fiscal cliff, but right now i don't have a lot of confidence. we're still seeing a lot of f
finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning signs that there was an imminent attack coming. there wasn't a specific threat, but a lot of attacks on other western targets that should have been a clue that there was deteriorating security situation and
with a grand bargain. they're just trying to get something done and fast. president obama back in washington, but can he lead both parties to a compromise fiscal cliff work-around? republicans say democrats have been dragging their feet for months and they won't be pressured into what they considered a bad deal that doesn't help balance the nation's books. >> the president calls congressional leaders to the white house, it's political theater or they have a deal. my bet is it's theater. >> reporter: speaker john boehner hasn't been able to get them to budge on a deal to raise taxes and the name calling is getting ugly. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> reporter: and it's true the senate controlled by democrats is working this week, but they're not working on the fiscal cliff. and the house won't even be back to work until sunday, just two days before the ye
. >>> south korean rapper psy receives a warm welcome in washington despite his past anti-american comments, and president obama getting some flack for attending that performance. >>> plus the bizarre saga continues. american tech mogul john mcafee fighting deportation to belize. he holds a news conference from behind bars. you'll hear what he has to say. "cnn newsroom" starts right now. >>> good morning, everyone. i'm ted roland sitting in for carol costello. we bring in fallout for the radio prank calling the hospital. the nurse that was duped by the call, the bosses of those deejays have cancelled their show, and for the first time, those deejays are speaking out. >> there is nothing that can make me feel worse than what i feel right now and for what i feel for the family. we're so sorry this has happened to them. >> cnn's matthew chance is outside the hospital with the very latest. matthew? >> reporter: ted, thanks very much. you heard a snapshot of the kind of raw emotion that was expre expressed in that interview with these two deejays medical -- mel grieg and michael christian gave,
on the fiscal cliff in washington, d.c. with the clock ticking away just days left for congress to reach a deal. are we any closer? >>> plus, a staple in hundreds of thousands of african-american homes for decades. "jet" magazine not afraid to make history and doing it again with a ground breaking announcement. >>> supreme court justice scalia raising eyebrows with a comment he made about murdered and homosexuality. if we cannot have moral feelings against homosexuality can we have it against murder, can we have it against other things? our big question for you is should a supreme court justice equate the morality of human sexuality with murder? tweet me at thomasaroberts or find me on facebook. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social secur
they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what d
bash is live in washington, d.c. this morning. 50 minutes and sort of a very milquetoasty kind of statement at the end of it, sounds not good. >> no, not good, considering where we are in the calendacale. i'm told by sources in both parties, a meeting that did not produce any new ideas, more of touching base meeting, the president wanted to talk to the speaker before he went home to ohio, which he still planned to do this weekend, the sources say that the basic problem still is, soledad, after all of the weeks, is democrats still believe republicans have the problem. they need to deal with the debt crisis by raising more revenue, meaning raising more taxes and republicans still think democrats are the problem. they are not offering enough in spending cuts. the issue is, reality, democrats, the president has the most leverage. has had the most leverage, republicans know that. everybody see where is this will probably go. republicans have to give some on the rate increases for the most wealthy. and the question, when is it most politically advantageous for both sides to agree to
'm erin burnett. "outfront" tonight, let there be light. finally, some bulbs turned on in washington this evening. well, on the congressional christmas tree, that is. pretty beautiful. lights, love, camaraderie, song. but while our lawmakers took some time to celebrate together, they still weren't showing any spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with
absolutely right. what happens if we settle on what washington thinks is a big win? let's call it $3 trillion. >> i think $3 trillion, $4 trillion will be a sufficient number, erin, to sort of calm investment markets and to produce a real economy that is growth positive as opposed to growth negative. you know, the real problem going forward is, you know, we are going over the cliff no matter what and depends on whether we go over like will e. coyote or road run we are a parachute. that's the road runner with a ra pa ra chute and there's more taxes to raise and entitlements to cut over the ensuing years. >> that's i guess the problem. i prefer to be roadrunner with a ra pa parachute. how can washington do the deal that prevent it is country from -- to give a sense of the outcomes, could be borrowing costs skyrocket. the costs are very serious in the long term. right? >> i think they are. it involves what's known as fiscal drag to economists. basically when you raise taxes and lower entitlements, lower federal spending, that reduces economic growth and it will. it just depend on how slowly or h
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing suddenly got off the rails. take a listen to mitch mcconnell last night talking about the pace of the negotiations here and the frustration that he's experienced going through all of this over the weekend. take a listen. >> now, i'm concerned about the lack of urgency here. like we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. >> so now all eyes are focused on the senate for 11:00 this morning when they do reconvene. there were reports
to washington. new information breaking in the last hour that a backup plan is in the works for republicans in case the white house and congress can not reach a deal on the fiscal cliff by the end of the year. house speaker john boehner spoke about it a minutes ago. >> our plan b would protect american taxpayers who make a million dollars or less and have all of their current rates extended. i continue to have hope that we can reach a broader agreement with the white house that would reduce spending as well as have revenues on the table. jon: despite the existence of this plan b negotiations are moving forward between president obama and speaker boehner to try to avoid the fiscal cliff. ed henry is live at the white house. so tell us a little bit more about plan b. what is it, ed? >> reporter: good to jon. you know the president's position all along you only raise taxes on people making over $250,000. republicans said look, that will end up not just hitting individuals but a lot of small businesses. it will result in them not creating jobs, et cetera. so you hear the speaker saying look, le
no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impact whatsoever? it seems curious to me. >> it does call into question whether these numbers can be accurate. we have been starting to think let's check accuracy. why isn't this done by s.a.p.? why aren't numbers done by oracle or salesforce.com. >> those are private companies. i'm just saying that you wouldn't question the data if it was done by a company that got a contract like s.a.p. and put these numbers together. i am beginning to question how these numbers are put together. that number was -- i agree with you. sandy has no impact? >> on number of hours worked. >> a lot of country was shut down during sandy. >> even before the number hit, people were saying you got to incorporate poll w
, if anything, iran has captured. we're getting very two different stories from tehran and washington. washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip posted online, carol, showed what appeared to be two military officials examining what looked like a u.s. drone with that poster that you mentioned with the title "we will trample on the u.s.." >> i don't mean to change the subject. we hear the yelling behind you. you're in cairo, egypt. what's going on behind you, reza? >> reporter: these are the option factions here in cairo, who are back in pretty big numbers, few thousand of them in egypt, protesting against president morsi's decrees and thi
a day short of his 92nd birthday. ♪ >> good day. i'm andrea mitchell live in washington. we begin with the fallout from a senate vote that seemed to underscore everything that is wrong with capitol hill. the senate's rejection of an international treaty to guarantee equal rights for people with disabilities based on what has been american law since the first bush presidency 22 years ago. the treaty supported by every democrat and eight republicans, came five votes short of passage of the required 66 needed for ratification. 38 republicans voted no despite the return to the floor of former majority leader bob dole only days out of the hospital. there at the age of 89 to rally support from his former friends including orrin hatch, cluck grassley, mitch mcconnell and thad cochran but they voted it down. the floor manager john kerry called it one of the saddest days in his nearly 28 days in the senate which he says is broken and dysfunctional. the chairman of the foreign relations committee john kerry joins me now. thank you very much. you spoke of this passionately yesterday and you'
the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the next year take the time to go over what we would do with real revenue reform. you can't do in it a matter of weeks right now. >> if they do not make this deal on tax rates for the top 2%, then they're going to go away and then we come back and pass tax cuts for everybody under $250. >> families are doing that now, budgeting every single dollar that they have to make sure that they can have the christmas they want for their children. they don't have to budget starting in january a tax increase. >> and
tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said. a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for, we're making progress. more evidence boehner's democratic cou
they don't think they need to put out any kind of formal proposal. let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening off
washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day long. david kudlow and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i
. >> "the washington post" reports that the president will put vice president biden in charge of the push to start this violence. biden met with the president along with education secretary arne duncan, eric hold and kathleen sebelius to try to formulate a plan. at the same time, perhaps moved by the national move, another plan seems it's taking shape. the deal to stop us from going over the fiscal cliff. speaker boehner and the preside president at the white house. now, the president supports raising taxes on people earning more than $400,000 a year. i want to bring in "washington post" columnist ruth marcus and the national journalist chris freisz. there's a lot owing on, assault weapons ban and the gun show loophole. do you think they're going to take this, how are they likely to approach this? >> well, i think the vice president say very good choice to lead this because of course he was the chairman of the senate judiciary where this legislation goes through for many years. and so he understands a little bit of what's politically possible or, let's cross our fingers, what might hopefu
. the president pulled the plug on his holiday trip to hawaii and arrived in washington shortly after 11:00 in hopes of prodding congress to lock in taxes for all but the wealthiest 2%. so a republican source told us he would be sending legislation to capitol hill, but the white house is telling us no, that is not the case. you have the president there at the white house. you have the senate in session and they are scattered throughout the country and taxes are going up on january 1st. let's listen to harry reid. he is not happy about the house and being away. he is the top senate democrat. >> we are here in washington working. we have the house of representatives out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> here's a reality. reid said it's beginning to look to him as though we will plunge over the cliff come tuesday. they are keeping an eye on washington to see what develops. since it looks as though we are headed for higher taxes, i want to bring in terry savage, a personal finance expert for the chicago s
treated with antikanticoagulant. jill dougherty, live in our washington bureau. what are you hearing? >> not a lot. since that statement sunday night, sanjay. they are really saying -- as you said, they are monitoring, and here is the statement so you can listen to exactly what they said. that her doctors are going to continue to assess her condition, including other issues associated with her concussion. because after all this happened as a result they say of that concussion, and they will determine if any further action is required. so it's really, you know, watch, wait, observe, and see how she's doing. this has kind of grown. remember, you know, the flu, then that leads to a conclusion and now this. so they want to be very, very careful, and as you as a doctor, sanjay know, when the secretary travels a lot. the blood clots can be very dangerous for anyone. we don't know where that blood clot is, that could be a very significant issue. in fact, her travel was on hold until the middle of the month. benghazi hearings, she will be many coing back this week. looking forward to work an
of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >>
. >> good day, i'm chris cillizza in for andrea mitchell live in washington. behind the bluster and the rhetoric, what happens going on behind the scenes in the budget negotiations? and big breaking news in this town. senator jim demint, a tea party favorite and conservative icon, is surprisingly resigning his seat at end of the year. join me to talk about all of it, chuck todd, nbc's chief white house correspondent, political director and host of "the daily rundown and kelly o'donnell. chuck, to you. let's talk about not necessarily demint about what this means in the broader movement. he went to the face of the tea party movement, the face of it in the senate. it stunned me when i heard about it. what's your reaction? what does it tell us about the tea party and the conservative movement generally? >> what a leading member of the conservative movement said to me, which was, jim demint made the decision to resign his senate seat to become the ceo of the conservative movement. if there was a way to become a bigger player in the conservative movement, that is what you would do, r
as the "wall street journal" nbc poll. let's go to washington to the senior congressional correspondent. dana, you talked to the two men who spent their careers in congress making deals like this. how do they pull it off? >> it was a fascinating conversation. the two men you are talking are about two former senate majority leaders. a republican and a democrat. trent lott and tom daschle. they worked on opposite sides for almost a decade. that is the question i asked. it wasn't always pretty, but how did you come up with deals when you had touch negotiations like what's going on right now. the answer was simple. talk to each other. >> i do think that they reached a point where they need to quit talking through the media. i'm talking about both parties and the leaders in congress. some of the most effective wi timth theresint or at dn least with the chief of staff and the director with our key budget people and we really talk about alternatives and hammered it out. >> this will be the test. if we reset it has to happen around the fiscal cliff first. there a lot of other issues out there that co
the pharmacy counter. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! you're playing tomorrow. [ coughs ] ♪ you can't let a cold keep you up tonight. [ snores ] vicks nyquil. powerful nighttime 6-symptom cold & flu relief. ♪ [ sniffles, coughs ] excuse me. i need something for my cold symptoms. [ sniffles ] we've got dayquil for day and nyquil for night. [ thuds ] you didn't se
and national polls show a changing attitude. will this tragedy inspire washington to act? >>> here in newton, students returning back to school this morning, but they won't be going back to sandy hook elementary. at least not yet as another little girl laid to rest, just one day after two first grade boys buried. >>> a new sign that the tide could be turning on gun control. gun control stocks under fire. a pension fund may have to strip investments. >>> and movement on the fiscal cliff. we may be moving much closer to a deal, with the president making a surprise offer. >>> it is tuesday, december 18th. you're watching a special edition of "starting point" from newtown, connecticut. we begin right now. >>> welcome, everybody. a special edition of "starting point," live this morning from newtown, connecticut, the site, of course, where an unthinkable massacre at an elementary school has really shifted the landscape in the gun control debate. here is the latest on that president obama meeting with senior staff and cabinet members yesterday, to see proposals that will include reinstating a ban o
it totally mythical numbers, that nothing is actually being done at all. >> "the washington post" did a column on this where they look through some of tim geithner's numbers and it was a little concerning. >> smoke in mirrors. >> goes after the entitlements. >> but this is the deal that's going to happen. the cuts there are going to be real or the republicans won't play. >> right. >> and in return, the revenue side of the equation is going to be more consistent with what the president's looking for. i think he's serious about the rates. >> you can't even guarantee that guys like demint and that wing of the part -- you saw what he said yesterday. >> i didn't see what he said. >> he said no way. 800 billion in tax increases. we're saying it now like it's normal. 25% of gdp for government spending and you've got bloated government already, you start there. you start at government spending. you don't immediately start spending another 50 billion in stimulus. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. b
to washington state for that. i don't need andrew to bring it back. but i'm a little bit concerned. do you remember? >> i think he's okay, i hope. although i did hear some weird things about the plane. >> have you ever been to a turkish prison? i think that's lt from "airplane," right? actually, i have nodenc support this that he was busted trying to leave the country. >> have you ever been in a prison? >> there it is, the turkish prison. i made that up. >> no, you did make it up but i am concerned because of the plane issues. he's a nervous flyer as it is. >> that's right. >> if there's plane issues -- >> but you don't think they went in and stormed the plane and dragged him off? >> i don't think so. but he will be back tomorrow. >>> okay. back here in the united states, there is a key senate vote expected today on extending a financial crisis era blanket guarantee on nearly 1.5 trillion in deposits. the fdic's transaction guarantee program, or t.a.g., expires at the end of the year. small banks are making a last ditch attempt to try and persuade congress to extend it. t.a.g. sdpofts make
discussions in washington. it could alter the tax exempt status of securities. and in corporate news, $1.1 billion to settle a u.s. class action over claims that millions of its vehicles accelerate unintentionally. the proposed settlement will compensate customers for economic losses related to possible defects in toyota vehicles. it covers most of the litigation involving unintended acceleration. so it does not cover claims for wrongful death or injuries. >> what a racket, though. >> the torque. plaintiff lawyers. $1.1 billion. >> do the math. >> that will always be -- >> and the plaintiffs get a third. is that how this works usually? >> that will always be a great business. won't it? it will always be a great business when you have someone like toyota. i don't know what happened with those. toyota tried to claim it was like use error. >> and then people said it was the mat. >> i don't know what finally came of it, but it was -- >> they never really said. >> no, but it was $1.1 billion, with a "b." >> nobody knows that it was, but you asked for it and you got it. >> yeah, yeah, yeah. an
earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even past the edge of the deal and then something happens. i still think the market believes there will be a deal, but it is a deal that might happen on january 14th. so, i don't think december 31st is a real deadline, in the mark it's mind. >> steve, tell us, what are the things that can happen that will sort of rouse the market here, move the market up or down ire way? >> well, first of all, i think the tendency for the market right now is to go higher because you have zero interest rates and zero interest rates act as a tremendous stock market flotation device. opposing investments are, you know, yielding essentially nothing at this point, so stocks become very attractive. but i still think the big story and the stories that most traders will be watching is the fiscal cliff so that's story number one. an interesting thing happened yesterday and that's the price of oil traded to an all-time high going back to october, not an a
. >> brings more obstruction from speaker boehner. >> the white house has wasted another week. washington has a spending problem, not a revenue problem. >> and a dodge on jobs. >> why take such a risk when the jobs number is improving? >> well, because the risk the president wants us to take, increasing tax rates, will hit many small businesses. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. >> plus, go on. >> south carolina senator jim demint is dequitting. >> run stephen, run. >> you want somebody young, conservative, from south carolina. maybe who has super pac pointing -- wait a second. ♪ >> thank goodness it's friday and it's a busy one at that. we have breaking news. within the last hour, the supreme court has announced that it will for the first time take up appeals on same-sex marriage. hearing cases on the defense of marriage act and california's proposition 8. much more on that in a moment, and the busy week ends with some good news for america's workers and the president. a little christmas cheer some early. the u.s. economy gen
. i want to get to washington with some of the latest headlines regarding speaker boehner and what eamon is referring to as plan b. >> what we know is the speaker is in the basement of the capital building here right now, meeting with republican lawmakers to brief them on the status of the fiscal cliff negotiation, and what a gop leadership aide is now telling news news is the speaker is now prepared to offer what he's calling a plan b, or a modified plan b in which we don't do the grand big deal that the president and speaker of the negotiating on, but instead do something much smaller that would eliminate the pending tax increases for all americans, the speaker saying that he would like to have some kind of a deal, a modified scaled-down proposal now that would eliminate those for as many people as he can. the details are very sketchy on what modified plan b actually means in practice. but basically, it's something he can keep in his hip pocket right now in case these negotiations with the president don't bear fruit. and presumably what we're talking about here, carl, is a little
goes, especially on the road, also here in road, also here in washington, really relentless. there's not someone who just lies and meets in a foreign ministry with a leader or president and has a dinner. this is someone who's constantly going on the road, meeting with civil society groups, meeting with opposition groups. having down halls -- town halls. someone who really doesn't slow down, and i think, don, she got this flu, this stomach virus during her last trick, and then it had a cumulative effect from there. she was ill, she was dehydrated, she fainted. she had a concussion, and now we see that she has this blood clot. we were researching a little bit, we did see that in 1998 during the midterm election, she also was treated for a blood clot and was on blood thinners and also was kind of also at the time, keeping this hectic pace. so it does seem she has a history with these type of clots, but it is i think over the last few months, she's really been tired. she even said in a recent interview with barbara walters. she said, barbara, i'm really tired. i think that just the las
that has already formed and has already shown up there in washington, d.c. this is a compilation of people who live in newtown, and one of the people who spoke -- very touching, one of the fathers whose son survived the attack at sandy hook. >> every time something like columbi columbine, aurora are happening, i would avert my eyes and i will still think that something will be done. but all those beliefs were shattered on friday. and now i think we all need to speak up. >> as we know, as we have been reporting today, it is one of the busier days for funerals and wakes, taking place for those that have been lost in the newtown tragedy. it is almost too raw for many of them to get involved in this kind of advocacy or this kind of support. but have you signaled to any of your colleagues, in other states, where this has been a tragedy, as we look at what we have witnessed in aurora, colorado, tucson, arizona, are you trying to reach out to build a coalition of your colleagues from states that have been affected by this, for the rest of their lives, because they lost the loved ones of this type
. that is the suspense, will the contestant take the deal or will she go all of the way! well, washington, will you? will you go all of the way? we are living in an era where politics is about like a game show, and high stakes for big rewards all while playing with borrowed cash. on friday, when the show returned to the regularly scheduled broadcast of high-stakes fiscal cliff hanging, we watched breathlessly with fingers crossed as the congressional leaders met at the white house. just before 6:00 p.m., the president came to the podium to give the latest on where we are, deal or no deal. >> i'm modestly optimistic that a deal can be achieved. >> deal or no deal? definitely or maybe. what the president may need for a win is a scene change. >> senators reid and mcconnell are discussing a potential agreement to where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but, given how things have been working this this town, we always have to wait and see until it actually happens. >> so there you have it. there will b
at the white house, washington lawmakers working furiously today to keep us from going over the fiscal cliff. but can they do it in time? >>> and family feud. a college student fed up with what she calls her meddling, overbearing parents goes to court to get them to back off. now, she has a restraining order. today, saturday, december 29, order. today, saturday, december 29, 2012. captions paid for by nbc-universal television >>> and welcome to "today" on this saturday morning. i'm erica hill. >> i'm cain for lester holt. just when you thought it was safe to go out, another storm is hitting the east coast. >> there won't be as bad as the storm that spun off tornadoes and dumped heavy snow across the northeast and the east this week. it could certainly impact holiday travel. we'll have the latest coming up in a moment. >>> also ahead, in the wake of the sandy hook school tragedy, a new plan from the controversial sheriff in arizona. he wants armed volunteers to patrol the schools there. we'll get into that debate. >>> then, we'll share with you a romance story 20 years in the making. it began
for households making $1 million. so movement from both sides. cnn's dan lothian in washington with the latest on this. good morning, dan. >> good morning, john. the big question, can speaker boehner sell this proposal to house republicans? this is very dramatic, president obama had always dug in, saying there was no deal unless taxes went up on households making more than $250,000. now the president raising that to $400,000. this new proposal or counterproposal coming during a meeting at the white house between the president and speaker boehner yesterday. it lasted 45 minutes. in addition, the president proposing $1.2 trillion in new revenue. down from 1$1.4 trillion and 1$2 trillion in spending cuts. this meets the demand that speaker boehner had for an equal amount of spending cuts to revenue. but house republican aides say while this is a step in the right direction, they don't believe the president's math really adds up. brendan buck says a proposal that includes $1.3 trillion in revenue for only $930 billion in spending cuts cannot be considered balanced. so still some distance here betw
in places like washington, d.c., new york and los angeles. and the strike at the port of los angeles long beach is entering its seventh day this morning. contract talks between clerical workers and shippers have resumed. the walkout is dramatically slowed activity at the nation's a busiest cargo complex, dockworkers have refused to cross picket lines. >> this is a big deal. i don't know if you think this will have economic impact down the road. national retail federation is worry that had it will spread to the east coast just ahead of the christmas holidays when so many people are out shopping. really a bad time for them. >> it could. l.a. and long beach, biggest port in the united states. >> did you see on the waterfront? you don't mess with -- >> it's the clerical workers that are striking. >> it is? i'm not afraid of that. >> the dock workers don't want to cross the picket line of the clerical workers. >> oh, i'll cross that line. i thought it was the guys with the big boxes and they drop boks on you if you cross that -- will do you remember that? >> i lived in hoboken and i saw parts
in the whole vietnam war. so let's get to cnbc's washington correspondent john harwood to talk about how washington will handle the gun control issue. i guess that's what we'll talk about this time. we have a lot to talk to you about involving washington. i guess the lead, obviously, we would be talking about boehner, too, at some point, john. do you have comments on the gun control issue? >> well, i think you saw in the president's address last night, a politician who had been deeply impacted by what happened, like the entire country has been impacted. and i think it is changing the calculus, the way he looks at political risk on this issue. democrats, as you know, joe, for some time has shied away from pushing gun control out of the believe that it is a loser for them politically. republicans have done well when democrats tried to push the gun control bill. there is a broad swath of public opinion that favors things like bans on assault weapons and high volume magazine clips for weapons. i think the president is saying -- when he said on friday, even, before the speech last evening, he
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